Contact Information: Press Contact: John Noh Cisco 408 853-8445 jnoh@cisco.com Investor Relations Contact: Liz Lemon Cisco 408 527-8452 lemon@cisco.com Industry Analyst Contact: Nicole Zewe Cisco 408 853-7868 nzewe@cisco.com
Cisco Announces Agreement to Acquire Five Across
Five Across Technology to Help Enhance Cisco Customers' Website Experience
| Source: Cisco Systems
SAN JOSE, CA -- (MARKET WIRE) -- February 9, 2007 -- Cisco Systems, Inc. (NASDAQ : CSCO ) today
announced a definitive agreement to acquire privately held Five Across,
Inc. of San Francisco, Calif., a leading vendor in the social networking marketplace.
The Five Across platform, Connect Community
Builder, empowers companies to easily augment their websites with
full-featured communities and
user-generated content such as audio/video/photo sharing, blogs, podcasts,
and profiles. These user-interaction functions help companies improve the
interaction with their customers and overall customer experience on their
websites. Social networking functions are of unique interest to media
companies, sports leagues, affinity groups and any organization wishing to
increase its interaction with its online constituency.
"Cisco believes the network is the platform for organizations to connect
with their constituents and for individuals to connect with each other,"
said Dan Scheinman, senior vice president and general manager of the Cisco
Media Solutions Group (CMSG). "With the acquisition of Five Across, Cisco
is taking an important step towards helping its customers evolve their
website experience into something more relevant and valuable to the
end-user."
Five Across was founded in 2003 and has 11 employees in San Francisco,
Calif. Upon close of the transaction the Five Across team and product
portfolio will be integrated into CMSG led by Scheinman.
The terms of the acquisition were not disclosed. The acquisition is subject
to various standard closing conditions and is expected to close in the
third quarter of Cisco's fiscal year 2007, ending April 28, 2007.
For more information about the Cisco Media Solutions Group, go to:
http://www.cisco.com/go/media.
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